Pegasystems CEO Trefler Reaffirms Significant Stake
Ticker: PEGA · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1013857
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, CEO-stake
TL;DR
**Pegasystems CEO Alan Trefler still holds a big chunk of the company, signaling confidence.**
AI Summary
Alan Trefler, CEO of Pegasystems Inc., filed an amended Schedule 13G/A on February 12, 2024, indicating his beneficial ownership of the company's common stock as of December 31, 2023. This filing, Amendment No. 23, updates his previous disclosures, confirming his continued significant stake in the company. This matters to investors because a CEO's substantial and consistent ownership often signals strong confidence in the company's future performance and alignment with shareholder interests.
Why It Matters
A CEO's continued substantial ownership demonstrates strong confidence in the company's future, which can be a positive signal for current and prospective investors.
Risk Assessment
Risk Level: low — This filing indicates stable insider ownership, which generally reduces investment risk by aligning management's interests with shareholders.
Analyst Insight
Investors should view this filing as a routine update confirming the CEO's continued ownership, which is generally a positive sign of alignment, but it doesn't suggest any immediate new buying or selling action.
Key Players & Entities
- Alan Trefler (person) — CEO of Pegasystems Inc. and the reporting person in this filing
- Pegasystems Inc. (company) — The issuer of the securities being reported on
- 06 Technology (company) — An organization associated with the subject company
Forward-Looking Statements
- Alan Trefler will maintain a significant ownership stake in Pegasystems Inc. (Alan Trefler) — high confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by Alan Trefler, who is associated with Pegasystems Inc.
What company's securities are being reported in this filing?
The securities being reported in this filing are the Common Stock, $.01 par value per share, of Pegasystems Inc.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Common Stock of Pegasystems Inc. is 705573 103.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(d) of the Securities Exchange Act of 1934, as indicated by the checked box.
Filing Stats: 827 words · 3 min read · ~3 pages · Grade level 7.4 · Accepted 2024-02-12 17:29:03
Filing Documents
- schedule13g-aforalantrefler.htm (SC 13G/A) — 50KB
- 0001628280-24-004293.txt ( ) — 52KB
If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a (a) Not Applicable.
Ownership
Item 4. Ownership (a) Amount beneficially owned 40,139,085 shares of Common Stock which includes 78,000 shares held by the Trefler Foundation, 4,257,521 shares held by the Alan N. Trefler Grantor Retained Annuity Trust I of 2022, 7,500,000 shares held by the Alan N. Trefler Grantor Retained Annuity Trust I of 2023, and 3,242,479 shares held by the Alan N. Trefler Grantor Retained Annuity Trust II of 2023. Mr. Trefler, who is a trustee of the Trefler Foundation, has no pecuniary or beneficial interest in the 78,000 shares of Pegasystems Inc. stock which are held by the Trefler Foundation. Mr. Trefler retains voting and dispositive control over such shares. Mr. Trefler is the sole trustee of the Alan N. Trefler Grantor Retained Annuity Trust I of 2022, the Alan N. Trefler Grantor Retained Annuity Trust I of 2023, and the Alan N. Trefler Grantor Retained Annuity Trust II of 2023 and retains beneficial ownership of the Pegasystems Inc. stock held by these trusts. It also includes 340,079 shares, which Mr. Trefler has the right to acquire within sixty days of this filing. (b) Percent of class 47.71 % of the outstanding shares of Common Stock. The foregoing percentage was calculated based on the 83,799,369 shares of Common Stock outstanding as of December 31, 2023, and 340,079 shares, which Mr. Trefler has the right to acquire within sixty days of this filing. (c) Number of shares as to which the person has (i) Sole power to vote or to direct the vote of 40,061,085 shares. (i) Shared power to vote or to direct the vote of 78,000 shares. (i) Sole power to dispose or to direct the disposition of 40,061,085 shares. (i) Shared power to dispose or to direct the disposition of 78,000 shares.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class NA
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. NA 3 Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. NA
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group NA
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group NA
Certification
Item 10. Certification NA 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 12, 2024 Date s Alan Trefler Signature Alan Trefler NameTitle 5